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Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
Office buildings
645 G St, Anchorage, AK 99501-3443
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US02-0100130
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1968
Total area
25,706 SF
Lot
0.16 ac (7,000 SF)
Zoning code
B2B CENTRAL BUSINESS
APN
002-113-73-000
UPID
US02-0100130
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Arctic Elevator Co LLC General Contractor Construction Company
-
The UPS Store Courier Service Postal Service
-
Deloitte Financial Advisor
-
Alaska Cruise Transportation - ACT Big Bus Travel Agency Tour Operator
-
Arctic Training Group Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$875k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.08M
Owner & transaction history
Rim Investment LLC · 24 yrs held
Rim Investment LLC
since 2002
5 recorded transactions
Zoning & alternative use
B2B CENTRAL BUSINESS · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Anchorage submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anchorage submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,775,000
Current use
AUTO REPAIR, GARAGE
$1,745,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$42 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$42,893
Tax year 2023
Assessed value
$2,518,700
Assessed 2023
Previous assessed
$2,518,700
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$524,400
Assessed improvement
$1,994,300
Land market value
$524,400
Improvement market value
$1,994,300
Total market value
$2,518,700
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1968
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Total area
25,706 SF
Lot
0.16 ac (7,000 SF)
Zoning code
B2B CENTRAL BUSINESS
APN
002-113-73-000
UPID
US02-0100130
Jurisdiction
ANCHORAGE
Zoning & alternative use
B2B CENTRAL BUSINESS · Anchorage, AK
Zoning B2B CENTRAL BUSINESS · permitted uses
B2B CENTRAL BUSINESS · Anchorage, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Anchorage. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Heating
FORCED AIR
Cooling
Yes
Stories
4
Lot
0.16 ac
Current owner
From public records · entity-resolved
Rim Investment LLC
Entity
Mailing address
PO BOX 242263, ANCHORAGE, AK 99524-2263
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2022
—
Rim Investments LLC
—
Deed
related
$1,900,000 · Northrim Bank
Feb 22, 2002
—
Rim Investment LLC
Dreyer,robert P
Grant Deed
$953,000 · Northrim Bank
—
—
Rim Investments LLC
—
Deed Of Trust
related
$3,990,000 · Newtek Small Busn Fin
—
—
Rim Investments LLC
—
Deed Of Trust
related
$2,182,500 · Northrim Bank
—
—
Robert P Dreyer
—
Deed Of Trust
related
$250,000 · Midtown Financial Center
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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